Reteaching Activity Demand Although price is most often the main determinant of demand, there are other...

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Reteaching Activity Demand Although price is most often the main determinant of demand, there are other factors that influence demand for a good or service. Directions: Below are examples of different factors that affect demand. Use these examples to fill in the chart below. The sales tax in your state has increased by 1%, and clothing sales have decreased. The price of cotton shirts has gone down, and sales on linen shirts are down. A computer company is about to release a new version of its tablet, and tablet sales are down. Prices for data plans on cell phones just went down, and sales of smart phones are up. The weather has been cold, and coffee sales are up. A new subway stop opened, and sales at the local bagel shop are up. Factor Influencing Demand Number of Consumers Expectations Complements Consumer Income Substitutes Consumer Tastes Examples Choose two of the examples above and explain why each event caused sales to rise or fall. Reteaching Activity Demand Although price is most often the main determinant of demand, there are other factors that influence demand for a good or service. Directions: Below are examples of different factors that affect demand. Use these examples to fill in the chart below. The sales tax in your state has increased by 1%, and clothing sales have decreased. The price of cotton shirts has gone down, and sales on linen shirts are down. A computer company is about to release a new version of its tablet, and tablet sales are down. Prices for data plans on cell phones just went down, and sales of smart phones are up. The weather has been cold, and coffee sales are up. A new subway stop opened, and sales at the local bagel shop are up. Factor Influencing Demand Number of Consumers Expectations Complements Consumer Income Substitutes Consumer Tastes Examples Choose two of the examples above and explain why each event caused sales to rise or fall.

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Demand Factors and Explanations Factor Influencing Demand Examples Explanation 1 Substitutes The pri... View the full answer